BlackRock's shareholding in UPM has gone below the threshold of 5 per cent
April 04 2019 - 3:00AM
UPM-Kymmene Corporation
Stock Exchange Release (Flagging Release) 4 April 2019 at
10:00 EET
BlackRock's shareholding in UPM
has gone below the threshold of 5 per cent
UPM-Kymmene Corporation has on 3 April 2019
received an announcement under Chapter 9, Section 5 of the
Securities Markets Act, according to which BlackRock, Inc.'s
indirect holding of UPM shares and voting rights has gone below the
threshold of 5 per cent on 2 April 2019.
According to the announcement, BlackRock, Inc.'s
indirect shareholding in UPM has decreased to 25,595,053 shares,
corresponding to 4.79 per cent of UPM shares and voting rights. The
total number of UPM shares and voting rights owned directly or
through financial instruments by BlackRock, Inc. and its funds was
5.12 per cent on 2 April 2019. UPM's registered total number of
shares and voting rights amounting to 533,735,699 has been used in
the calculation of percentages for the announcement.
Total positions of BlackRock, Inc. and its
funds:
| |
% of shares and voting rights (total of
A) |
% of shares and voting rights through
financial instruments (total of B) |
Total of both in %
(A + B) |
| Resulting situation on the date on which threshold was
crossed or reached |
4.79% |
0.33% |
5.12% |
| Position of previous notification (if applicable) |
5.03% |
0.33% |
5.37% |
Notified details of the resulting situation on the
date on which the threshold was crossed or reached:
A: Shares and voting
rights
| Class/type of shares |
Number of shares and voting rights |
Number of shares and voting rights |
% of shares and voting rights |
% of shares and voting rights |
| ISIN code (if possible) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
| FI0009005987 |
|
25,595,053 |
|
4.79% |
| SUBTOTAL A |
|
25,595,053 |
|
4.79% |
B: Financial Instruments
according to SMA 9:6a
| Type of financial instrument |
Expiration date |
Exercise/Conversion period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
| Securities Lent |
N/A |
N/A |
Physical |
1,299,285 |
0.24% |
| CFD |
N/A |
N/A |
Cash |
466,836 |
0.08% |
Depositary
Receipt |
N/A |
N/A |
Physical |
99 |
0.00% |
| |
|
|
SUBTOTAL B |
1,766,220 |
0.33% |
Full chain of controlled undertakings through
which the voting rights and financial instruments are effectively
held:
| Name |
% of shares and voting rights |
% of shares and voting rights through
financial instruments |
Total of both |
| BlackRock Japan Co., Ltd. |
|
|
Below 5% |
| BlackRock Investment Management, LLC |
|
|
Below 5% |
| BlackRock Investment Management (UK) Limited |
|
|
Below 5% |
| BlackRock Investment Management (Australia) Limited |
|
|
Below 5% |
| BlackRock International Limited |
|
|
Below 5% |
| BlackRock Institutional Trust Company, National
Association |
|
|
Below 5% |
| BlackRock Fund Advisors |
|
|
Below 5% |
| BlackRock Financial Management, Inc. |
|
|
Below 5% |
| BlackRock Asset Management North Asia Limited |
|
|
Below 5% |
| BlackRock Asset Management Deutschland AG |
|
|
Below 5% |
| BlackRock Asset Management Canada Limited |
|
|
Below 5% |
| BlackRock Advisors, LLC |
|
|
Below 5% |
| BlackRock Advisors (UK) Limited |
|
|
Below 5% |
| BlackRock (Singapore) Limited |
|
|
Below 5% |
| BlackRock (Netherlands) B.V. |
|
|
Below 5% |
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations
UPM, Media
Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com
UPM
We deliver renewable and responsible solutions and innovate for a
future beyond fossils across six business areas: UPM Biorefining,
UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication
Papers and UPM Plywood. We employ around 19,000 people worldwide
and our annual sales are approximately EUR 10.5 billion. Our shares
are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils.
www.upm.com
Follow UPM on Twitter | LinkedIn | Facebook |
YouTube | Instagram | #UPM #biofore #beyondfossils
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: UPM via Globenewswire
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